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The following is the adjusted trial balance of Wilson Trucking Company. Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable Common stock Retained earnings Dividends Trucking fees earned Depreciation expense-Trucks Salaries expense Office supplies expense Repairs expense-Trucks Totals Debit Credit $ 6,300 16,500 2,000 195,000 $ 48,170 75,000 10,300 3,000 52,000 18,000 160,385 19,000 139,000 25,919 65,191 6,000 11,954 $422,855 $422,855 The Retained Earnings account balance is $160,385 at December 31, 2016 (1) Prepare the income statement for the year ended December 31, 2017 (2) Prepare the statement of retained earnings for the year ended December 31, 2017 Required 1 Required 2 Prepare the income statement for the year ended December 31, 2017 WILSON TRUCKING COMPANY Income Statement For Year Ended December 31, 2017 Revenues Expenses Total expenses 0 $ etion.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=htt Saved Required 1 Required Prepare the statement of retained earnings for the year ended December 31, WILSON TRUCKING COMPANY Statement of Retained Earnings For Year Ended December 31, 2017 Retained eamings, December 31, 2016 0 Retained earings, December 31, 2017 $ 0

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